"Imagine your lights staying on when the power goes out!"
- New proprietary technology provides roadmap for expansion of power failure lighting solutions
- Enables expanded solutions offering for outdoor coach lights and outdoor security lights, as well as bath vanity lights and recessed lighting applications
DEERFIELD BEACH, Fla., Feb. 6, 2014 (GLOBE NEWSWIRE) -- Capstone Companies, Inc. (OTCQB:CAPC), a leader in the design and manufacture of specialty power failure lighting solutions and innovator of consumer safety and security products for the Hospitality, Retail and Institutional channels, announced today that its wholly-owned subsidiary, Capstone Lighting Technologies, LLC, has been assigned the power failure technology patent application filed on January 3, 2014, by inventors Neil Singer, PhD, Ken Pasch, PhD and John Granada, from AC Kinetics and Stewart Wallach, CEO of Capstone Companies Inc.
The proprietary technical attributes of the technology enables unique power failure detection, switch controlled properties, as well as thermal protection. Notably, it is applicable for a broad variety of lighting fixture configurations. With this innovation Capstone plans to expand its product line into a larger and more diverse offering of stylish indoor and outdoor lighting fixtures, which combine day-to-day lighting solutions with the safety of power failure lighting capabilities. It can be incorporated into almost any lighting fixture design including standard bulb socket adapters, ceiling can lights, track and counter lighting, lamps, chandeliers and other indoor and outdoor lighting fixtures.
Stewart Wallach, Chief Executive Officer of Capstone, commented, "Today is another important milestone for Capstone and represents the culmination of over 14 months of collaboration with AC Kinetics. With this groundbreaking technological innovation, Capstone is capable of providing seamless, integrated power failure lighting solutions while maintaining the design and style of the primary lighting fixtures. Imagine your power going out, but the lights functioning throughout your home just as they would when power is available."
When power failure occurs it activates the technology's power failure lighting solution. Lights using the technology can be operated on an as needed basis. This feature enables the user to conserve their power failure resources providing lighting solutions capable of spanning long periods of extended power outages.
By incorporating a thermal overload safety protection, the proprietary technology can be used in applications with insulated lighting fixtures including ceiling cans or small closets.
In closing Mr. Wallach noted, "We believe this is a unique solution which we expect to assume a lead role in the power failure lighting industry. We are now capable of providing the safety of power failure lighting solutions without compromising the style and design of an interior or exterior space."
Capstone expects to debut the initial products incorporating this groundbreaking power failure lighting technology ahead of the 2014 Hardware Show in Las Vegas, NV on May 6, 2014.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly-owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing, logistics, and distribution of consumer and institutional products to accounts throughout North America and in international markets. See www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.
About AC Kinetics
The AC Kinetics, Inc. team has worked together for over 25 years, and its members jointly and independently commercialized new technologies for the last 35 years. In the 1990s, the team invented and commercialized state-of-the-art algorithms that reduce residual vibrations, improve settle times, and minimize unwanted acoustics in motorized machines. Those algorithms now control hundreds of millions of machines worldwide ranging from computer disk drives to cranes handling radioactive materials operated by the Department of Energy and private utility companies. The technology has flown on a satellite launched by the Space Shuttle. The software algorithms continue to be licensed throughout the world, and the method is taught at many leading universities.
The AC Kinetics team also developed a novel algorithm for control of parallel motor gantry machines. The technology was licensed exclusively to Dover Motion Division of Danaher Corporation to dominate the precision gantry machine market.
For more information about AC Kinetics, please visit the website at www.ackinetics.com
This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements consist of words like "anticipate," "expect," "project," "continue" and similar words. These statements are based on the Company's and its subsidiaries' current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements, include consumer acceptance of the Company's products, its ability to deliver new products, the success of its strategy to broaden market channels and the relationships it has with retailers and distributors. Prior success in operations does not necessarily mean success in future operations. The ability of the Company to adequately and affordably fund operations and any growth will be critical to achieving and sustaining any expansion of markets and revenue. The introduction of new products or the expanded availability of products does not mean that the Company will enjoy better financial or business performance. The risks associated with any investment in Capstone Companies, Inc., which is a small business concern and a "penny-stock Company" and, as such, a highly risky investment suitable for only those who can afford to lose such investment, should be evaluated together with the risks and uncertainties more fully described in the Company's Annual and Quarterly Reports filed with the Securities and Exchange Commission. Capstone Companies, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Contents of referenced URL's are not incorporated into this press release.
CONTACT: Company: Aimee Gaudet Corporate Secretary (954) 252-3440, ext 313 Investor Relations: Garett Gough, Kei Advisors LLC (716) 846-1352 firstname.lastname@example.org
Source:Capstone Companies, Inc.